chapter 13

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Keeping the Hummer in Chapter 13 Bankruptcy

Until very recently Chapter 13 bankruptcy trustees in both Oregon and Washington would often object to Chapter 13 plans containing proposals to pay off "luxury items," such as RVs, boats, high end motorcycles and the like in full while paying little or nothing to unsecured creditors. Trustees would describe such such plans as being made [...]

2013-04-18T03:07:20+00:00

What is a Chapter 13 Bankruptcy Plan?

The Bankruptcy Code mandates that every Chapter 13  bankruptcy filing include a plan. In essence, a Plan is a summary sent to your creditors that lets them know how much you intend to repay and how long you are going to take to do it. If you have filed a Chapter 13 bankruptcy and you don’t [...]

2013-03-25T13:26:05+00:00

Guidelines for Individual Bankruptcy in Washington

Filing for bankruptcy typically follows the laws set up by federal laws, and most states have their own specific rules linked to the federal bankruptcy laws. Those wanting to declare themselves bankrupt in the state of Washington ought to meet with a bankruptcy attorney experienced not only in the bankruptcy process but one who is [...]

2011-09-15T18:13:37+00:00

Understanding The Personal Bankruptcy Fundamentals

If you're having problems managing payments or expenses of any sort and are contemplating declaring bankruptcy, you will need to understand the basic principles of bankruptcy. When you study bankruptcy options and start to understand what bankruptcy is about, the data you gather can help you make your decision. Even though it's a good idea [...]

2011-08-22T17:45:43+00:00

If You're Filing Bankruptcy in Oregon, It Is Advisable To Retain An Attorney

When you're thinking of filing for bankruptcy, it's actually a very big decision. In truth, you shouldn't move ahead into individual bankruptcy unless you've researched each and every option beforehand. If you are contemplating declaring bankruptcy, there are various things to consider. The first decision you should make is whether or not you file Chapter [...]

2011-05-26T01:32:11+00:00

Bank Accounts and Your Bankruptcy

Clients often worry about whether they will be able to open or even keep bank accounts while their bankruptcy is pending, or even after their bankruptcy is closed.  In both Washington and Oregon, there are no bankruptcy laws that would prevent you from opening or keeping a bank account.  There may, however, be some issues [...]

2010-02-01T17:41:45+00:00

The Disposable Income Requirement In Chapter 13

The Bankruptcy Code requires that you to send all your disposable income to the Chapter 13 Trustee for at least three years and in some cases for up to five years. Your disposable income is the amount left over after you subtract your reasonable and necessary living expenses from your net income.This amount is shown [...]

2009-04-24T10:07:42+00:00

Taking on Credit During Chapter 13

In Oregon, the Confirmation Order approving your plan, states that you may not incur any credit obligations during the life of your plan without the Trustee's written consent. The exceptions to this rule are limited to (1) in an emergency, or (2) for ordinary expenses for a business approved in your plan.Any request for credit [...]

2009-04-23T17:54:25+00:00
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